As iam attending interviews but iam rejected for that dont calcultion of PF and ESI please any one suggest me how to calculate PF and ESI
From India, Bangalore
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From India, Bangalore
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Hi Megha, there are many discussions regarding statutory aspects like ESI, PF, and PT. Apart from that, you should learn about the Shops and Commercial Establishments Act. Please search for individual discussions in this forum. If you have any more doubts, feel free to share them here.
Thank you.
From India, Bangalore
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653Thank you.
From India, Bangalore
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Please find the details of ESI & PF contribution.
PF Contribution
- **PF Contribution of Employee:** 12% of Basic pay
- **PF Contribution of Employer:** 12% of Basic pay
The contribution goes in two parts:
- 8.33% goes to Pension Account
- 3.67% goes to PF Contribution Account
Additionally, there are 1.61% towards Admin Charges as follows:
- 1.1% of Basic – PF Admin. Charges
- 0.5% of Basic – EDLI Charges
- 0.01% of Basic – EDLI Admin. Charges
Employee ESI Contribution
- 1.75% of Monthly Salary Paid (Max Salary Limit for ESI deduction is Rs.6500 p.m. and above Rs.6500 p.m., no ESI deduction to be made from the employee's salary).
Employer ESI Contribution
- 4.75% of Monthly Salary Paid (Max Salary Limit for ESI deduction is Rs.6500 p.m. and above Rs.6500 p.m., no ESI deduction to be made from the employee's salary).
From India, Jaipur
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PF Contribution
- **PF Contribution of Employee:** 12% of Basic pay
- **PF Contribution of Employer:** 12% of Basic pay
The contribution goes in two parts:
- 8.33% goes to Pension Account
- 3.67% goes to PF Contribution Account
Additionally, there are 1.61% towards Admin Charges as follows:
- 1.1% of Basic – PF Admin. Charges
- 0.5% of Basic – EDLI Charges
- 0.01% of Basic – EDLI Admin. Charges
Employee ESI Contribution
- 1.75% of Monthly Salary Paid (Max Salary Limit for ESI deduction is Rs.6500 p.m. and above Rs.6500 p.m., no ESI deduction to be made from the employee's salary).
Employer ESI Contribution
- 4.75% of Monthly Salary Paid (Max Salary Limit for ESI deduction is Rs.6500 p.m. and above Rs.6500 p.m., no ESI deduction to be made from the employee's salary).
From India, Jaipur
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Although most of the aspects have already been explained by sunandalawania, there are other criteria that can also affect this calculation process. It is better to follow the suggestions provided by Jeevarathnam, and any doubts can be further discussed here. Keep researching and expanding your knowledge because knowledge brings confidence. Confident candidates are always rewarded with good opportunities. Best of luck.
Regards
From India, Delhi
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Regards
From India, Delhi
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ESI & PF CALCULATION.xls